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Mitsui Unit Settles With U.S. on Deepwater Spill

By

Tom Fowler

February 18, 2012

Federal officials reached the first civil settlement related to the Deepwater Horizon oil spill when a division of Japanese conglomerate Mitsui & Co. agreed Friday to pay $90 million for alleged violations of the Clean Water Act.

Under terms of the deal with Mitsui's MOEX Offshore, $45 million will go to replenish a federal fund that pays for oil-spill cleanups and covers damages from spills, according to the U.S. Justice...

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First Settlement Reached in Gulf Oil Spill

The Justice Department, Coast Guard and EPA have settled civil claims with a division of Japanese conglomerate Mitsui for its role in the April 2010 Deepwater Horizon accident. Tom Fowler has details on The News Hub. Photo: AP